MUFG Union Bank Credit Associate Position + Exit Opportunities (Commercial Banking)

Hello all,

I applied for a Credit Associate 1 role at MUFG Union Bank in their Comercial Credit Service Group supporting Middle Market. This is in the Irvine office and from what I've heard, people who work here for a year or so become eligible for portfolio management group roles in the firm's corporate banking division and training programs. Can anyone shed light into career paths from this position? Would a credit analyst in a portfolio management group (corporate banking) be similar to a fixed income analyst role on the buy-side? Exit opportunities within the bank and investment management?

Any thoughts on the above and the program from the Irvine office role to sponsorship opportunities from people who have worked in this capacity at MUFG Union Bank? Thank you!

Job description:

The Commercial Credit Services Group (CCSG) provides centralized underwriting and portfolio support for the Bank's Middle Market group, and portfolio support for the Private Bank, Corporate Markets, Commercial Finance, Business Banking, Retail, and Transaction Banking.

Credit Associates perform work: Primarily spread-sheeting - within this high volume work environment. The Credit Associate position is entry-level and seeks to build basic credit experience through the performance of repetitive tasks for the above portfolios. The work performed by the Credit Associates for the Credit Executives, may provide coaching, mentoring and positive feedback about work quality. Credit Associates who have displayed satisfactory job performance and have successfully completed all training classes required for entry to the Bank's Commercial Credit Training Program are eligible to interview for sponsorship positions within the Commercial Banking or specialized lending groups.

    MAJOR RESPONSIBILITIES 

Analytical and Loan Management support   Spread-sheeting of prospect and borrower financials in Risk Analyst ('RA') and ExcelSpread-sheeting of prospect and existing guarantor personal financial documents and tax returns in RA and ExcelSpread-sheeting of projections in RAMonitor financial covenants and/or liquidity, for compliance with terms of credit agreementsMonitor collateral eligibility for credits with borrowing base structures Prepare trend cards - Necessary follow-up and communication with CE's and RM's Attend training classes and perform required certifications: Pre-requisites for the Bank's Commercial Credit Training Program, including Commercial Credit for Lenders and Intermediate Accounting. Special projects and Peer training:  Provide support to various CCSG special projects as requested or necessary, including additional peer training responsibilities. Projects for Credit Executives:  Partial / Full credit and financial analysis of borrowers guarantors and vendorPreparation of Administrative Action reports and full CRS draftsDraft Problem Loan and Watchlist reports.